USD/JPY Live News

This page provides live coverage and news analysis on the USD/JPY currency pair

Advertiser Disclaimer

Top8forexbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate.Prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Top8forexbrokers does not bear any responsibility for any trading losses you might incur as a result of using this data.
Top8forexbrokers or anyone involved with Top8forexbrokers will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Home

Live News

USD/JPY

Sep. 29, 2022

Dollar/Yen currency pair adds 44 pips or 0.31%

Live - Updated 8 minutes ago.

Dollar/Yen trades at 144.55 after gaining 44 pips (0.31%).

This move comes while some more positive signs for Dollar/Yen are out as highly important Crude Oil Inventories data from United States beat analyst expectations of 443,000 with a reading of -215,000.

On the flip side, highly important Initial Jobless Claims data from United States beat analyst expectations of 215,000 with a reading of 193,000. New GDP data from United States matched market expectations with a reading of -0.6 — a positive step in contrast to previous data of -1.6 from last month.

Although up today, early price action saw USD/JPY dropping below its 3 day Simple Moving Average at 144.24 — an early indicator that a new downward trend could be emerging. Bollinger band analysis indicates that current price action is approaching the upper band at 145.72, thereby suggesting that Dollar/Yen is becoming overvalued.

Overall, looking at the technical analysis landscape, it seems Dollar/Yen is likely to reverse course and start pointing down in the short term.

A look at other currencies also shows bullish price action as GBP/NZD is up 1.86% to 1.9339. GBP/CAD shoots up 1.75% to trade around 1.5081. EUR/CAD leaps up 1.03% to trade around 1.3389.

Furthermore, the market is looking at today at 23:50 UTC data for Japan Industrial Production will be released, with an expected decline to 0.2% from the preceding figure of 0.8%. Japan Retail Sales is projected to outperform its last figure with 2.8%. It previously stood at 2.4%; data will be released today at 23:50 UTC. Japan Jobs/applications ratio (Aug) is scheduled for today at 23:30 UTC.

Dollar/Yen has appreciated 16.39% over the past six months.

trade on the USD/JPY

Week to date

Dollar/Yen increases slightly to 144.55 (a 0% gain) after closing the previous session at zero .

Trading week at a glance - USD/JPY is up to 144.55, after closing yesterday at zero. Overall, a 0% move or 14,455 pips this week. (Trade Dollar/Yen with FXTM now).

This move comes while some more positive signs for Dollar/Yen are out as United States Crude Oil Inventories published yesterday at 14:30 UTC came out at -215,000, falling short of the 443,000 projections and continuing its decline from the previous 1.14 million figure. Following a previous reading of -0.6%, Pending Home Sales in United States released yesterday at 14:00 UTC fell short of the -1.4% figure expected by analysts with an actual reading of -2%.

Nevertheless, data for United States Initial Jobless Claims published today at 12:30 UTC came out at 193,000, beating projections of 215,000 and showing improvement over the preceding figure of 209,000. New GDP data from United States matched market expectations with a reading of -0.6 -- a positive step in contrast to previous data of -1.6 from last month.

Meanwhile, United States New Home Sales (Aug) came out at 685,000, while a consensus of analysts was expecting 500,000.

Also worthy of note, Japan Tankan Large Manufacturers Index (Q3) will be released Sunday. Japan Tankan Large Non-Manufacturers Index (Q3) is scheduled for Sunday. Japan Retail Sales is projected to outperform its last figure with 2.8%. It previously stood at 2.4%; data will be released today at 23:50 UTC.

Previous
Weekly Analysis